From Livemint.com: Oil prices rose above $78 a barrel on Monday as heightened tension between Iran and Western nations raised speculation of a potential supply risk, encouraging investors to push prices higher.

The gains came despite a stronger US dollar that inched up on an extended short-covering bounce as investors pared risk trades. Concerns over the US recovery pace also helped to power gold to a new record above $1,160 an ounce……………………….Full Article: Source

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